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Billionaire's Prediction: The Market Is Wrong, Fed Will Conduct 'Substantially More' Than 2 Rate Cuts
Key PointsDavid Einhorn has now run Greenlight Capital for about three decades.The prominent value investor believes incoming Federal Reserve Chair Kevin Warsh is likely to push for interest rate cuts.Warsh has long been known as a hawk, but he's likely to approach his new role at the Fed differentl...The Motley Fool
5 minutes ago
Vodafone climbs after joint venture stake sale to Liberty Global
Shares of Vodafone VOD.L up 4.5% at 118.85p - stock amomg top gainers on FTSE 100 .FTSE, at the highest level since August 2022 Vodafone to sell its entire 50% stake in Dutch telecom company VodafoneZiggo to Liberty Global plc for 1.0 billion euros ($1.18 billion) in cash and a 10% stake in the new...Reuters
9 minutes ago
The Ultimate AI Technology Stock to Buy With $1,000 Right Now
Key PointsThe past few weeks have been particularly punitive for most AI stocks.The share price weakness in the sector has been indiscriminate.The shortage of memory chips that is holding most technology companies back is only temporary, and likely already fully reflected in these companies' stock p...The Motley Fool
15 minutes ago
Bayer retreats as investors sour on deal to settle Roundup litigation
FRANKFURT, Feb 18 (Reuters) - Bayer's BAYGn.DE shares slumped as much as 12% on Wednesday, wiping out the previous day's gains, as investors questioned whether a proposed $7.25 billion settlement of cancer lawsuits over its Roundup weedkiller would mark a decisive turnaround.The German pharm...Reuters
16 minutes ago
Vodafone sells 50% stake in VodafoneZiggo for $1.18 billion to partner Liberty Global
LONDON, Feb 18 (Reuters) - Vodafone VOD.L said on Wednesday it would sell its 50% stake in Dutch joint-venture VodafoneZiggo to its partner Liberty Global LBTYA.O for 1 billion euros ($1.18 billion) in cash and a 10% stake in a new enlarged Benelux telecoms group.Liberty Global will own 90% of the n...Reuters
18 minutes ago
REIT WP Carey down after $432 mln equity offering
W.P. Carey WPC.N shares down 3.3% before the bell to $71.68 after $432 mln stock saleNew York City-based diversified REIT and commercial real estate owner late Tues announced 6 mln shares on a forward basisOffering priced at $72, a 2.9% discount to stock's last sale on TuesWPC entered into 2-yr ...Reuters
18 minutes ago
HF Sinclair CEO takes voluntary leave amid disclosure review
HF Sinclair CEO takes voluntary leaveAudit committee reviews disclosure controlsShares fall 12% in premarket tradingBy Tanay DhumalFeb 18 (Reuters) - HF Sinclair DINO.N said on Wednesday its CEO Tim Go has taken a voluntary leave of absence, with board chair Franklin Myers stepping in on an interim ...Reuters
20 minutes ago
Where Will Archer Aviation Be in 3 Years?
Key PointsArcher's annual revenue in 2028 could be $967 million, according to analysts' consensus estimate.The company doesn't have any sales yet, and costs are rising.Archer has plans to build 650 aircraft annually, but only six are currently in production.10 stocks we like better than Archer Aviat...The Motley Fool
20 minutes ago
Wingstop rises after quarterly profit beat estimates
Shares of restaurant chain Wingstop WING.O up 13% at $285 premarketWING reports Q4 adjusted EPS of $1, beating expectations of 84 cents - data compiled by LSEGCo expects annual domestic same store sales growth of flat to low-single digit vs estimate of 2.15% growth Sees annual selling, general and a...Reuters
23 minutes ago
METALS-Copper climbs on dip-buying in thin trade
LONDON, Feb 18 (Reuters) - Copper prices moved higher on Wednesday, rebounding from more than a one-week low in the previous session, as investors stepped in to buy the dip amid thin trade volumes.Benchmark copper CMCU3 on the LME was up 0.6% at $12,700 a metric ton in official open outcry activity,...Reuters
26 minutes ago
SM Energy to sell some Texas assets to Caturus for $950 mln; shares up
Shares of oil and gas firm SM Energy SM.N rise 1.2% to $21.92 premarketCo says it will sell select assets in South Texas to Caturus Energy for $950 million in cashSM agrees to sell nearly 61,000 net acres and about 260 producing wells in its southern Maverick Basin position in Webb County, Texas, al...Reuters
33 minutes ago
Is Micron a Trillion-Dollar Company in the Making?
Key PointsMicron has seen demand for its chips spike amid the buildout of new data centers for AI training and inference.The entire industry is cautiously building out more production capacity, and supply will remain tight until 2027.Micron's P/E ratio fluctuates widely based on where it is in the d...The Motley Fool
35 minutes ago
Truist lowers Genuine Parts to 'hold' on soft auto business performance
Truist lowers automotive and industrial parts distributor Genuine Parts' GPC.N rating to "hold" from "buy"; PT at $127 from $162 earlierNew PT represents 1% upside on stock's last closeBrokerage says while co's plan to separate its auto and industrial segments is positive...Reuters
35 minutes ago
Spruce Biosciences jumps as co moves toward FDA filing for rare childhood brain disorder drug
Shares of drug developer Spruce Biosciences SPRB.O rise 27% to $74 premarket Co says its therapy targets Sanfilippo Syndrome Type B, a rare genetic disorder that causes progressive brain damage and loss of motor skills in childrenCo says FDA confirmed its existing clinical data could support an acc...Reuters
37 minutes ago
SM Energy to sell some Texas assets for $950 million
Feb 18 (Reuters) - SM Energy SM.N said on Wednesday it would sell select assets in South Texas to Caturus Energy for $950 million in cash to reduce debt and bolster its capital structure.The U.S.-based oil and gas producer has agreed to sell nearly 61,000 net acres and about 260 producing wells in i...Reuters
40 minutes ago
Prediction: 3 Stocks That Will Be Worth More Than Apple 3 Years From Now
Key PointsAlphabet and Microsoft produce more profits than Apple.Amazon could sneak up on Apple with its rapidly growing divisions. 10 stocks we like better than Microsoft › Apple (NASDAQ: AAPL) is the world's second-largest company, with a market cap of $3.8 trillion (as of Feb.12). However, I thin...The Motley Fool
42 minutes ago
Do Billionaires Still Collect Social Security? The Answer Might Surprise You.
Key PointsBillionaires are entitled to Social Security benefits just like any other American worker.The amount they're eligible to receive mirrors that of those who work for them. The same rules apply to all Social Security recipients. The $23,760 Social Security bonus most retirees completely overl...The Motley Fool
45 minutes ago
Getty Realty drops on $131 mln stock sale
Getty Realty GTY.N shares down 3.9% premarket to $32.50 after overnight $131 mln follow-on pricedREIT focused on convenience and automotive retail real estate late Tues announced 4 mln shares in connection with forward sale agreementsOffering priced at $32.60, per thefly.com, which is 3.6% discount ...Reuters
46 minutes ago
TD Cowen raises Teledyne PT, sees improving prospects for drone business
TD Cowen lifts PT on target detection sensor maker Teledyne Technologies TDY.N to $750 from $650, maintains rating at "buy"New price target implies a 15.5% upside from the stock's last closeBrokerage says co's drone business could grow as its new strike drone appears well-positioned ...Reuters
46 minutes ago
Global Payments' shares surge on quarterly profit rise, strong annual forecast
Feb 18 (Reuters) - Global Payments GPN.N forecast annual earnings above Wall Street estimates and reported a rise in fourth-quarter profit on Wednesday, sending the payment technology firm's shares up over 8% in trading before the bell. The Atlanta-based company expects adjusted earnings per sha...Reuters
47 minutes ago
